BJ's: Mixed third quarter results
BJ’s: Mixed third quarter results
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Asda opened its 100th Asda Express store
The Chinese internet giant Alibaba has chosen to abandon its plans for a spinoff of its cloud services arm, Cloud Intelligence Group.
SHANGHAI: Chinese e-commerce giant Alibaba said on Thursday it was canceling a planned cloud service spin-off announced this year over US chip restrictions, as it reported results for the third quarter of 2023 that were in line with market expectations.
Asian stocks fell Friday as a rally fuelled by the likely end of US interest rate hikes ran out of puff, while Alibaba dragged Hong Kong down after saying